Hokuriku Electric Power Company ( (JP:9505) ) has issued an announcement.
Hokuriku Electric Power Company has announced the commencement of preliminary surveys and facility design for the construction of an LNG-fired Unit 2 at the Toyama Shinko Thermal Power Station. This initiative is part of the company’s efforts to replace aging coal and oil-fired units with a high-efficiency, gas turbine combined cycle power generation facility, aiming to reduce annual CO2 emissions by approximately 2 million tons. The project aligns with the company’s roadmap to achieve carbon neutrality by 2050, with operations expected to begin in fiscal 2033.
More about Hokuriku Electric Power Company
Hokuriku Electric Power Company operates in the energy industry, focusing on power generation and supply. The company is involved in transitioning to more sustainable energy sources, with a market focus on reducing carbon emissions and achieving carbon neutrality.
YTD Price Performance: -7.43%
Technical Sentiment Signal: Buy
Current Market Cap: €1B
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